{Is a solar lease worth|Is a solar lease really worth| Does a solar lease make sense?} it?

The {cost|price} of solar panels {can be|is|could be} {quite high|very high|quite expensive}. {Although solar panels offer|While solar panels provide|Even though solar panels can provide} the {highest return on investment|greatest return on investment|most investment return}{, it is not affordable| however, they aren’t affordable| but they are not cheap} {for everyone|for all|for everyone}.

Homeowners {have the option of|can choose between|can opt for} solar {loans and solar leases|leases and solar loans|leases and loans} {to make the switch|for making the transition|in order to help make switching} to solar {affordable|cost-effective|financially feasible}.

Which {solar financing option|financing option for solar|solar financing method} is {best|the best option|right} for you? {To help you decide|For help in deciding|To help you determine} {how|the best way|which method} {to finance your solar power|you can finance your solar|best to fund your solar energy} system{,|} we’ll {take a look at|look at|examine} leasing {vs|instead of|as opposed to}. {buying|purchasing} solar panels.

What {is|exactly is} Solar Leasing?

{A solar lease is a|Solar leases are|The solar lease can be described as a} {financial|type of financial} {agreement where the company installing|agreement in which the company that installs|contract where the company that installed} {your solar panel systems retains|the solar panels retains|your solar panel systems maintains} {ownership and|the ownership of the system and|ownership , and} you pay a {fixed monthly|monthly fixed|set monthly} {fee to use it|cost to use it|cost to use the system} and {get any|receive any|also receive the} {electricity it produces|energy it generates|power it produces}.

The monthly {rent will be|rent is|rental will be} {paid by you,|the responsibility of you|payable by the homeowner,} {while|and} the solar installer {will take|takes} {care of installation and maintenance|charge of maintenance and installation|care of the installation and maintenance}. {This arrangement typically|The arrangement generally|This arrangement usually} {doesn’t require you to|does not require that you|does not require you to} {pay upfront|make a payment upfront|be upfront to pay} for {residential solar installation|solar installations in your home|solar panels for your residential property}. Instead, {you only have|you just need|you’ll only need} to pay {the monthly rent|monthly rent|for the monthly rental}.

What is {a|an|the} {Solar|PPA from Solar?} PPA?

{A|The|An} Solar Power Purchase Agreement (or PPA) is {a financial agreement where you|an agreement in which you|an agreement that allows you to} pay a {fixed price|set amount|fixed amount} {per Kilowatt-hour|for each Kilowatt hour} (kWh){,| in exchange| and} to {your solar company|the solar company you have contracted with|the solar company that you use} {for the power generated from|for the electricity generated by|to generate power from} {your solar panels|the solar panels you have}.

The solar PPA {works in|operates in|is} the same {way|manner} as {a|the|an} solar lease. {However, this agreement|The agreement however,|It is however, it} {sets a fixed price|provides a fixed cost|is a fixed price} per unit, {which is usually|which is typically|usually} {less|lower} {than the local|that the|than that of the nearby} utility{ company| provider|}. A PPA {means|implies|signifies} {that the solar leasing company is|that solar lease companies are|it is the company leasing solar that’s}{ fully|} {responsible|accountable} for {all installation and maintenance costs|the entire installation and maintenance cost|all costs associated with installation and maintenance}. {You don’t usually have|It is not necessary|There is no requirement} to pay {any upfront fees|upfront charges|for any upfront costs}.

What are the {differences|main differences|major differences} between {a|the two?} Solar Lease & a Solar {PPA|PPA?}

The {basic|fundamental|primary} {product of a solar lease|item of solar leasing|element of both a solar lease} {and|as well as} {a solar PPA is|PPAs for solar is|an solar PPA are} {the same|identical|similar}. A contract is {made|signed|entered into} {with a company to install|with a firm to install|by a business to put} {a solar system|an array of solar panels|solar panels} {on your roof|in your home’s roof|to your rooftop}. You {get to use|can use|will be able to utilize} the {generated solar power|solar energy generated|power generated by solar panels} {in your home|within your house|inside your home,} {while they keep|and they retain|and they will retain} {ownership|the ownership|the rights to}.

{How much you pay|The amount you pay to|What you pay} the solar company {to get|for|to obtain} {that power is what|the power|the power you need} {will determine how different|determines how different|will determine what the differences between} {a solar lease and a|the solar lease and|an solar lease and a} solar PPA {are|will be}.

Solar Lease – The company {charges a fixed monthly rent|offers a fixed monthly rate|is charged a monthly fixed fee} for the {length|duration|term} {of the lease|of lease|that the lease is in effect}. {This is regardless|It is irrespective} of {how much electricity|the amount of electricity|how much power} you {use|consume}.
Solar PPA {- You pay a fixed|Pay a set|is a contract where you pay a fixed} amount for the {electricity you use|amount of electricity you use|energy you consume}. {This rate can change|The rate may change|This amount can fluctuate} {from month to month|between months|each month}.

{What's|What is} {the difference between leasing|different between renting|what's the distinction between renting} and {buying|purchasing} {a solar panel system|solar panels|solar panel systems} from a {company|business|firm}?

{There is a big|There’s a huge|There’s a significant} {difference between leasing and buying|distinction between leasing and purchasing} {a solar system|solar panels|solar systems}. You {are the owner of|own|become the owner of} solar panels when {you purchase|you buy|purchasing} them {with|in|for} cash or {by taking out|with|through} {a loan|loans|the loan}.

{You don’t need to pay|There is no need to pay|There are no} {upfront costs|upfront|the upfront cost} {for solar panels installed|for solar panels that are installed|to install solar panels} on your roof {with|using|by using} {a solar lease agreement|the solar lease agreement|solar lease agreements} {or solar power purchase|(solar PPA) or solar lease|also known as a solar power purchase} {arrangement|agreement} (solar PPA). Instead{, the solar company| the solar company| the solar firm} will {install and own|set up and manage|construct and maintain} the system.

{Your system generates solar power|The system produces solar power|The solar energy generated by your system is renewable}{, and you can use| and you are able to use| and you can utilize} it {all|throughout the year|to the fullest extent}. {This reduces your utility bills|This lowers your energy bills|It reduces the cost of your utilities} {with|by using|through} net {metering|meters}. {You pay a monthly|The monthly|It is a} {rental fee|rental|rent} {to the solar company|for the company that produces solar|towards the solar firm} {in exchange for solar energy|to get solar energy|in exchange for solar power}.

Is a {solar lease right|solar lease the right option|solar-powered lease right} for you?

{It is a personal decision|It’s a personal choice|It’s your personal decision} {that will determine whether|which will determine if|that determines whether} you lease, {buy|purchase} solar panels, {participate in|join|take part in} {a|an|the} PPA or {ignore|simply ignore|just ignore} solar. Here are some {pros and cons to consider|advantages and disadvantages to take into consideration|pros and cons to think about} when {considering solar leasing|considering leasing solar panels|weighing the possibility of solar leasing}.

Solar Leasing: {Advantages|Benefits}

There are {many benefits|numerous benefits|many advantages} {to solar leasing, including|of solar leasing, among|for solar leasing, such as} {these|the following}:

There is no {need|reason} to {spend a lot|pay a large amount|invest a lot of money} {upfront for solar panel installation|in the beginning for solar panel installation|upfront to install solar panels}
{When the market is volatile|If the market is unstable|In times of volatility in the market}{, lock in energy prices| ensure that you lock in energy prices| make sure you lock in the energy price} {for the long-term|in the long-term|to last for a long time}
{Avoid the hassle of|Do not stress about|Eliminate the stress of} {monitoring|managing|keeping track of} and {maintaining|keeping track of} equipment
Save{ significant|| substantial} {money|savings|cash} on{ your|} utility {bills|bills.|bill}
{Household carbon footprint reduction|Carbon footprint reduction for households|Reduction in carbon footprint of households}

Solar leases {guarantee|ensure|are a guarantee of} {power production|the power output|energy production}. This {means that if the panel|means that if the solar panel|implies that if the panel} {generates less than expected|produces less power than it is expected to|produces less power than anticipated}{, payments may be reduced| the payments could be reduced| payment, the amount may be decreased}.

Solar Leasing: {Disadvantages|Advantages and Disadvantages|Negatives}

{Even though solar renting|Although solar leasing|While solar rental} {is not for all|isn’t for everyone|isn’t suitable for everybody}{, there are a few| however, there are some| but there are a few} {risks as well as concerns|issues and risks|dangers and concerns} {with these contracts|regarding these contracts|concerning these agreements}.

The {leasing price rises each|cost of leasing increases each|price of leasing rises every} year{ as utility rates rise|, as utility costs rise| as utility prices rise}{, which could lead to| and this could result in| which can lead to} {lower expected cost savings|lower savings on costs|less savings in the future}.
{You are not eligible for|You’re not eligible for|You’re not eligible to receive} the {federal solar tax credit,|federal solar tax credit|solar tax credit for the federal government,} or any {local benefits because|other local benefit, because|local tax benefits, since} you {don’t|do not} {have solar panels|possess solar panels|own solar panels}.
{Although the upfront|While the initial|Although the initial} {cost is not high|cost isn’t too expensive|price isn’t expensive}{, the system will likely| however, the system is likely to| The system will} last for {many years|a long time|years}. {You’ll probably end up spending|It’s likely that you’ll end up paying|The likelihood is that you’ll spend} more than{ you would|} {if you purchased|had you bought|have if you purchased} the panels {directly|on your own|in the first place}.
{Because they are|Since they’re} {not part of your|in no way part of the|separate from your} {property|home}{, leasing solar panels| Solar panels that you lease| solar panels, leasing them} {won’t add to the home|will not increase your home’s|isn’t going to increase the home’s} value.
If {you want to move|you are looking to move|you’re looking to relocate}{, breaking your lease can| the lease you have signed can| to another location, breaking your lease could} be {difficult|a challenge|challenging}.
If you {live|reside} in {an area|a region} {that does not|which does not|that doesn’t} have net metering{, leasing|, then leasing| in place, leasing} {may not be financially feasible|might not be financially viable|isn’t always financially viable}.

{Leasing|Lease|Letting} Solar Panels vs. buying Solar Panels

{Leasing|leasing|The leasing of} solar panels was {an easier|a more convenient|a simpler} {option than|alternative to} {leasing in the past|renting in the past|lease in past times}. The {cost|price} {of solar panels has|for solar panel systems has|of solar panels have} {dropped|decreased|slowed} {in the last decade|over the past decade|in the last 10 years}{, making it| which makes it| and it is now} {more affordable and financially viable|feasible and affordable|economically feasible and more affordable} {to own your|for homeowners to purchase their|the option of owning your} own solar {system|panel}.

Solar leasing {is different|is distinct|differs} {from buying|from purchasing|than purchasing} solar panels. The difference {lies|is} in {ownership|the ownership}. {You own a solar system|The solar system is yours|You own a solar panel} {if you purchase it|when you purchase it|in the event that you purchase}. {This means that you will|This means you’ll|That means you’ll} be {responsible|accountable|the one responsible} for its {operation and maintenance|maintenance and operation|operation and upkeep}. {However, if|If|If, however,} you lease a {panel|solar panel} from a utility {company|firm|provider}{, you are| and you own the solar system, you will be| it is your responsibility to be} {the owner of the|responsible for the ownership of your|in charge of the} solar {system|panel} and {will be responsible|are responsible|will be accountable} for its {maintenance and operation|operation and maintenance|upkeep and operation}.

If {you are looking|you want|you’re looking} {to maximize the financial|for ways to maximise the economic|at maximizing the fiscal} {benefits|advantages|rewards} of solar panels{ and save money over| and save money in|, and save money over} the {long-term|long run|long term}{, this is the best| it is the ideal| then this is the most effective} {choice|option}. {These benefits|The benefits|Benefits} include lower {state taxes|taxes on state income|taxes for the state}{, investment credits,| as well as investment credits,| and investment credits, as well as} {rebates from the|incentives from|tax rebates by the federal} government (often {up to|as high as|at least} 30{%| percent}){, as well as| and| in addition to} {solar renewable energy credits|credits for solar renewable energy}. {Furthermore, solar panels can|Additionally, solar panels could|In addition, solar panels can} {increase the property’s market value|boost the value of a property’s market value|enhance the value of the property}.

{While solar leasing is|Although solar leasing can be|Although solar leasing is} profitable {for the life|over the duration|throughout the term} of the {contract, customers|contract, those|agreement, customers} who {can afford to purchase|are able to afford purchasing|can afford to buy} the system {outright|for themselves|in full} will {be more financially benefited|benefit financially|reap the most financial benefits}. If {you want to use|you are looking to utilize|you’re looking to make use of} the {electricity generated by the|power generated by|power produced by} solar panels {as your|to provide you with a|as a} source of {clean energy|renewable energy|energy that is clean}{, then solar| Solar| and energy, then solar} leasing is the {best choice|most suitable option|right choice}.

{Despite not being|Even though you aren’t|Although you may not be} {able to own|in a position to own|capable of owning} the panels{ or receive| or get|, or enjoy} any tax {benefits from them|benefits|advantages from them}{, you can still reap| however, you still can reap| but you can still enjoy} the {financial benefits of solar energy|economic benefits of solar energy|advantages of solar energy’s financial value}. If you {don’t have the|do not have the|don’t have enough} {funds to purchase|money to buy|cash to buy} solar panels {upfront|in the beginning|outright}{, there are many| There are a variety of| there are numerous} financing options{ available| to choose from|}.

{Solar installer financing: Many|Financing for solar installers: Many|Solar installer financing: A lot of} solar installers {work|collaborate|partner} with lenders to {offer lower-interest|provide lower-interest|offer low-interest} solar financing.
A PACE loan{: Also| is also} {known by the R-PACE loan|called the R-PACE loan|known as the R-PACE Loan}. Residential {Property-Assessed clean Energy loans|Property-Assessed Clean Energy loans|Property Assessed Clean Energy Loans} are {a long-term, low cost|an affordable, long-term|an ongoing, low-cost} {option|alternative|solution} to finance {your solar purchase|the purchase of solar panels}. {Through a tax assessment,|By way of tax assessment,|With the help of a tax assessment} this {type of loan attaches|kind of loan ties|type of loan is attached to} {your property tax bill|the tax bill of your property|your tax bill for your home} to the {cost of the|price of the|cost of your} solar panels.
{You can get a standard|You can obtain a traditional|It is possible to get a typical} {bank loan for solar loans|credit card for solar loan from a bank|Bank loan to finance solar loans}{:|.} {These loans can be obtained|They can be obtained|The loans are available} {through credit unions or banks|through banks or credit unions|via credit unions or banks}. {You can also choose|You may also opt|It is also possible} to {finance your loan through|fund your loan using|pay for your loan with} {your utility provider’s monthly electric|the monthly electric|your monthly electricity} bill. This {option allows|allows|will allow} you to {put a portion|apply a percentage|use a portion} {of your utility savings|from your savings on utility bills|the savings you earn from utility usage} {towards|toward|to} {your loan payment|the loan’s payment|your loan’s installment}.

{Solar Energy: The Benefits|Renewable Energy and Solar Power: Benefits for the Environment|A Solar-Powered Future: Solar Benefits}

There are {many reasons to own|numerous reasons to have|many reasons to invest in} solar panels, {whether|regardless of whether|no matter if} {you want to buy|you decide to purchase|you’re looking to purchase} them {upfront|in the beginning|outright} or finance {your system|the system|them} over {several decades|a period of time|the course of a few decades}.

Lower Long-Term Savings

{Leasing is not as cost-effective|It isn’t as economical|The cost of leasing is not as affordable} {as buying solar|as purchasing solar panels|than purchasing solar panels}. {Buying solar panels will|Solar panels can|The purchase of solar panels will} {provide you with significant|bring you significant|give you substantial} savings {over the long-term|over the long run|in the long run}. {The average solar panel system|A typical solar panel|The typical solar panel} {generates electricity for 25+|produces electricity for a period of 25 to 30|generates electricity for more than 25} years{, which can help|, which could help|. This can} {lower your energy consumption|reduce your energy usage|decrease your energy use} and {reduce your electric energy|lower your energy|decrease your electric power} {bills|costs|expenses}.

{Cash payments are the|Paying cash is the|The cash payment is your} {best|most convenient|ideal} {option as you can|alternative since you|choice since you can} pay {immediately for the solar|for solar panels immediately|in a single payment for solar} panels{ and no recurring|, and there are no| and avoid} monthly {fees|charges|costs}. Finance {will require monthly payments|requires monthly payments|requires monthly installments}. {However, you can still|But, you are able to|But, you’ll be able to} save {money each month|every month money|money every month,} and {all savings are immediately|the savings will be|any savings you earn are} {deposited into your account once|transferred to your account after|in your account when} the loan {is paid off|has been paid off|is paid in full}.

{You will reach the point|The point will come|It will be at the point} {where your savings equal|that your savings are equal to|when your savings will equal} the {cost|price} of the panels{, regardless of whether| regardless of whether| regardless of whether or not} you {purchase|buy} {them or take out|the panels or get|them or obtain} {a loan|loans|the loan}. This is {called|known as} the solar payback {period|time}. {After you have|Once you’ve|When you’ve} completed {this period|the payback period|this time}{, you will begin| and you begin| it will be possible} to see {greater savings in|a greater reduction in|more savings on} your monthly energy {bills|bill|costs}.

{You will save more|You can save even more money|It is cheaper to save money} {if you lease or sign|when you lease or sign|by leasing or signing} {a|an} PPA. {However, you will still|But, you’ll|However, you’ll} {have|be required} {to pay the solar installer|be able to make payments towards the installer|payment to the solar company} {each|every} month {for the duration of|throughout} {your lease period|the lease term|your lease}. There {are no break clauses|is no break clause|aren’t any break clauses} or {an end date|a deadline for the end of the lease|a date for an end}. {Many leases and PPAs include|A lot of leases and PPAs have|Many leases and agreements include} an escalator clause{, which| that|. This} {can increase your monthly payments|could increase the monthly payment|will increase your monthly payments} {each year for the duration|every year for the length|each year over the course} of the {agreement|contract}. {This is often|It is usually|The typical term is} {20 years or longer|for a period of 20 years or more|twenty years or more}.

Selling your {home|house} is {easier|much easier}

You {can own|are able to own|have the option of owning} {your solar panel system if|the solar panel system you have installed if|the solar panel system} you {purchase it outright|buy it in full|buy it for cash}. This {makes it easier|allows you|can make it easier} to sell your {house|home} {- and often|and, often|and usually}{, for more money -| even more money| it is more lucrative} {if you have|when you have|with} solar panels. This is {why|the reason why|one reason why} {many homeowners prefer to buy|many homeowners choose to purchase|most homeowners would rather purchase} {a solar system over leasing|the solar panels instead of leasing|solar panels rather than lease} one.

{Although you can still|While you are still able to|Even though you may still be able to} sell your {house if you|home if you|house if} {sign a PPA or|have a PPA or|contract a PPA or a} {solar lease, the|solar leaseagreement, the|leasing solar, your} {contract|agreement}{ you have|| you sign} with the company {may|could|might} make it {more difficult|harder}. {The solar installer is technically the owner of the panels|Solar installers are technically owners of panels|It is the solar company that owns the panel} {in|on|installed in} your {home and must be|home , and is|house and should be} {included in discussions regarding|involved in discussions about|part of discussions concerning} {the transfer of ownership|how ownership transfer will be handled|transfers of ownership}. There are two {options to|ways to|options available to} {negotiate the terms of your|discuss the terms of your|negotiate the terms of the} {deal|agreement|contract}.

You {can pay off the remaining|could pay off the remaining|can pay off the remainder of the} {lease/PPA to|lease or PPA to|lease/PPA and} {own the panels in full|take ownership of the panels completely|be the owner of the panels in full}
{Persuade the potential|The potential|You can convince the} owner of your {house|home} to {assume the lease/PPA agreement|take over the lease/PPA|accept the lease/PPA contract}

If you {decide to lease|choose to lease|are considering leasing} or pay per {annum|year}{, you should talk with| it is important to talk to| make sure you speak to} your solar {company about|company regarding|provider about} the {details|specifics}. This will {help you make|assist you in making|allow you to make} the {right decision|right choice|best decision} when{ you are|} selling your {house|home}.

Tax {credits and incentives|incentives and credits}

{You can get|You may qualify for|There are} {federal and state tax credits|tax credits from the federal and state governments|state and federal tax credits} when you {purchase a solar panel system|buy a solar panel system|purchase a solar panel}. This {can help to|could|will} {significantly lower the cost for|reduce the expense of|substantially reduce the cost of} installation. {You can also|Additionally, you can|It is also possible to} {take advantage of|benefit from|avail} local incentives{ like|, such as| such as} net metering{ programs, which| programsthat|, which} {can help you save even|will help you save|could help you save} {further|more|more money} on {electricity|electric power|energy costs}.

{The|It is possible to avail the|There is a} Federal Solar Tax Credit and other {state incentives are available|incentives from the state are available|state incentives are offered} {to solar installers who lease|for solar contractors who rent|Solar installers that lease}{ the|} panels. {To enroll in net-metering,|In order to enroll in net-metering,|To be enrolled in net-metering} you {must get approval from|need approval from|will need to get the approval of} the company. They {own|are the ones who own|control} the panels and {reap|enjoy} the {most|greatest|highest} {benefits|advantages}.

The {disadvantages of buying|drawbacks of purchasing|negatives of purchasing} solar panels

Maintenance {requirements|needs}

{You are responsible for any|You are accountable for the|It is your responsibility to ensure the} {monitoring and maintenance of|maintenance and monitoring of|monitoring and maintenance for} {your solar panel system|the solar panel|your solar panel}. To {ensure|make sure} {that your|the|you are sure that the} solar panel{ system|} {functions properly, you must|is working properly, you need to|operates properly, you should} {monitor it and pay for|be aware of it and make|keep an eye on it and make} repairs {if it does|in the event that it fails|if it malfunctions}. Palmetto {and other companies|as well as other firms|along with other businesses} {offer|provide} maintenance plans {and real-time monitoring|as well as real-time monitoring|and monitoring in real time} to {assist with|help you with|aid in} this {process|procedure}. This {will help you|can help you|will allow you to} {save money on your|reduce your|save money on} solar {maintenance costs|energy maintenance costs|costs for maintenance}.

{Higher up-front investment|A higher up-front investment|Investments in the beginning that are higher}

{You will need to have|You’ll need|It is necessary to have} {the funds available|funds|the money} {in your bank account|on your account at the bank} {in order to buy|to purchase|for the purchase of} {a solar panel system|solar panels|solar panel systems}. Even {with|using} {the federal tax credit|Federal tax credits|an federal tax credit}{,|} {these costs can be high|the costs could be expensive|the cost of solar panels can be quite high}.

{You can still get|It is possible to get|You are still able to obtain} {a loan for solar energy|an energy loan|loans for solar energy} {if you don’t|even if you do not|in the event that you don’t} {have enough cash|possess enough money|already have the cash}. {To be eligible|In order to be eligible|To qualify} {for a solar loan you|for a solar loan , you|to receive a solar loan, you} {must be financially sound|have to be financially stable}. {Unfortunately, this is not|However, this isn’t} always the {case|situation|scenario}.

{You need more insurance coverage|You’ll need to have more insurance|You’ll require more insurance}

{You may need to increase|It is possible that you will need to increase|You might need to raise} {your property insurance in order|your insurance on your home|the amount of insurance you have on your home} to {protect your solar energy|safeguard your solar energy|protect your solar power} system. This {can lead to|could result in|could lead to} {higher premiums which could increase|increased premiums, which can increase|more expensive premiums that could add to} {your budget|your cost|the cost of your insurance}.

Solar leasing{: The benefits| The benefits of solar leasing| The benefits}

There is no {up-front|upfront|initial} {cost|cost.|expense}

{Leasing|leasing|The leasing of} solar panels is {a better option|more advantageous|a better choice} {than owning|rather than purchasing|instead of owning} {them|the panels}. {The solar installer|Solar installers|Installers from solar panels} will {cover|take care of|pay} the {entire cost of installation|whole cost of installation|entire installation cost}. {After you agree to|Once you have agreed to|If you accept} their {terms and conditions|conditions and terms}{, the installer will install| the installer will put| and conditions, the installer will set up} {your solar panel system on|the solar panel system onto|your solar panel on} the roof {for little|at little|at a minimal} or {no|even no|at no} {cost|cost}.

No Tax Liability

{Federal solar tax credit cannot|The federal solar tax credit can’t} be {used if you owe|utilized if you owe|utilized if you are owed} federal income {taxes|tax}. {Credit can|Credit may|Credits can help} {reduce the amount that|lower the amount|reduce the amount} you {owe|have to pay|are liable for}.

{Leasing solar panels|The leasing of solar panels|Letting solar panels on lease} is {a good option|an option to consider|an excellent option} {if you don’t have enough|in the event that you don’t have the|when you don’t have sufficient} income to {qualify for|be eligible for|get} {the tax credit|this tax deduction|an income tax rebate}. The solar {company can then|company will|firm can} {capture|take advantage of|get} the credit and {pass some of|pass|then pass} {those savings on to|the savings to|those savings onto} {you in the form|customers in the form|clients in terms}{ of|} lower monthly {payments|installments}.

There is no {maintenance cost|cost for maintenance.|maintenance fee}

The solar company {retains ownership|has ownership|is the sole owner} over the {whole|entire} solar system {once it is|after it has been} installed. They are {responsible|accountable} for {all maintenance and monitoring costs|the entire maintenance and monitoring cost|all costs of maintenance and monitoring}.

Energy bill: {Lower|lower|Less} and {greener|more sustainable}

You can {save money|cut down} on your {utility bills|energy bills|bill for utility} {by leasing|through leasing|when you lease} solar. You’ll {save money on|reduce|lower} your utility bills {by using|when you use|through the use of} solar {energy|power}.

The {disadvantages|drawbacks} {of leasing|that come with leasing|renting} solar panels

Lower Savings

{Leasing solar panels has|The leasing of solar panels comes with|Solar panels that are leased have} {a major disadvantage|one major drawback|an inherent disadvantage}. {However, you can|But, it can help you|However, it is a great way to} save money {over the long-term|in the long run|over the long term}. {You will|You can|You’ll} {save money on|reduce|lower} your monthly energy {bills|bill|costs} {by leasing|through leasing|when you lease} solar panels. {However, the|The|But, the} cost of {the lease|leasing} solar panels {is usually|is typically|will usually be} {less than buying|lower than purchasing|lower than buying} the panels.

{Tax credits and other incentives|Other incentives and tax credits|Incentives and credits for taxation and more}

{You don’t get the|There aren’t any|You won’t receive} {tax credits or other|incentives for tax credit or any other|taxes or} {incentives|benefits|rewards} {that solar companies receive for|solar companies get for|that solar companies receive in exchange for} installing {solar|solar panels}. {While they may pass|Although they might pass on|Although they could pass on} some of the {value|benefits|benefit} to you {in|through|via} lower monthly {costs and|costs or|expenses and} tax credits, {some|a portion|the majority} of it {will still be|is|remains} yours.

There {is no increase|isn’t any increase|isn’t a rise} in {your property value|the value of your home.|the value of your property.}

{The solar installer is the owner of the panels|Solar installers own the solar panels|It is solar’s installer who owns the panel}{ so|, so|. Therefore,} your home {does not gain|doesn’t gain|is not gaining} any {extra value|additional value|value}.

Can Scare Off Potential Home Buyers

If you {want|wish|are planning} to sell your {home before|house before|home prior to} the lease {ends|expires|is up}{, you must enter into| you have to sign| it is necessary to enter into} an agreement.

{To make selling your home|To make selling your house|In order to make selling your home} {easier, you’ll either have|more straightforward, you’ll need|simpler, you’ll have} to {purchase the lease outright|buy the lease in full|purchase the lease for cash} or {have the buyer assume|let the buyer take over|ask the buyer to take over} the {lease solar panels|solar panels on lease|solar panels that you lease}. {Potential buyers may|Buyers may|Prospective buyers might} be reluctant to {take over|assume|accept} the {lease of solar panels|solar panel lease}. This {can make|could make|makes} it {more difficult|harder|difficult} to sell your {house|home}.

Solar PPA{:|} The Benefits

There is {little to no|a minimal|no} {up-front|upfront|initial} cost

{After you have reached|Once you have signed|After you’ve reached} an {agreement with the|arrangement with the|agreement with your} PPA company{ they will start|, they will begin} the installation process{ without any| with no|, without} {upfront costs|charges in advance|cost upfront}. {You can immediately start|It is possible to immediately begin|You will be able to begin immediately} {using renewable energy and|making use of renewable energy and|using renewable energy , and} {save money|reduce your energy costs|save money}.

There is no {need|reason|reason for you} to be {tax liable|tax-exempt}

A solar PPA {is similar|is comparable|can be compared} to {a|the|an} solar lease. It {may be a good|could be a great|might be a viable} {option if you don’t receive|alternative if you do not receive|option if you don’t get} {value|benefit|benefits} {from the federal solar tax credit|through the solar tax credits offered by federal law|in the form of the tax incentive for solar energy} {via|through|as} {a decrease in income tax|the reduction in tax on income|an income tax reduction}. If {you are retired with|you’re retired and have|you’re retired but have} no income or {an annuity,|annuity,|an annuity} {this may be an|this could be a viable|it could be an} {option|alternative}.

Your PPA {manager can receive|manager may be eligible for|administrator can earn} tax credits{ and some| as well as a portion|, as well as some} {of the incentive value|incentives|from the value of incentives} {to|in order to} {lower your monthly payments|reduce your monthly payments|reduce your monthly payment}.

{No maintenance costs|No maintenance cost|There are no maintenance costs}

Installers are {responsible|accountable} {for maintaining and repairing|to maintain and repair|for maintaining and fixing} {the solar panel system|their solar panels|your solar panel}. {The installer will monitor|Installers will be able to monitor|The installer will keep track of} and {correct any problems|fix any issues|address any issues} {so that you can continue|to allow you|so that you continue} to {enjoy solar energy|benefit from solar energy|enjoy solar power} {in your home|at home|within your home}.

{Lower and cleaner electricity bills|Energy bills that are lower and more efficient|Electricity bills are less expensive and cleaner.}

A solar PPA {will|can} {help you lower|aid in reducing|assist you in reducing} {your energy bills|your energy costs|the cost of energy}. {You will|You’ll} {pay less for electricity generated|be paying less for the electricity produced} {by solar panels|through solar panel|from solar power panels}. Solar panels {produce|generate} green energy{ so you|, so you| and} {don’t have to use|do not need to consume|won’t need to use} {as many fossil fuels from|the same amount of fossil fuels as|more fossil fuels to power} {your electricity grid|the grid of electricity|your electric grid}.

The {disadvantages|drawbacks} of Solar PPA

Lower Long-Term Savings

For the {duration of your|length of your|length of time you have a} PPA, you {pay|are charged|will pay} {for the amount of|per watt of|to cover the} solar {energy used|energy you use|power used}. {Although you may|While you could|Although you might} save money {over|by} {not having solar panels installed|the absence of solar panels|not having solar panels}{, the savings you make| however, the savings you earn| but the savings you get} {are usually|will be|typically are} {less than if you|lower than if you|smaller than if you’d} {had|were equipped with|installed} {them|solar panels|the panels}. This is {especially true after|particularly true after|particularly true once} you’ve {completed the|completed your|finished the} solar payback {period|time}.

Long-term {Agreement|Arrangement|Contract}

The {life expectancy|lifespan|average lifespan} {of solar panels is|for solar panel systems is around|that solar panels have is about} 25 years. Solar PPAs {can|are able to} be extended {for the entirety|for the entire duration|to the full duration} of {that|this|the} {time|period}. If {your plans change|you change your plans}{, it may be costly| the cost could be high| it could be costly} and {difficult to terminate|challenging to end|difficult to cancel} {your|the|you} PPA agreement.

Selling your {house is|home is|house can be} more {difficult|challenging}

{The process of selling|Selling} your {house can be complicated|home can be a bit complicated|home may be difficult} and {longer if you have|can take longer if you are using|more time-consuming if you have}{ a| an agreement with a|} solar PPA. {You can’t simply pass on|It is not possible to simply transfer|You cannot simply sign} the {agreement|contract} to sell your {home|house} {without including the solar company|and not include the solar firm|with out including the solar provider} {in|into} the {decision making process|decision-making process|process of making a decision}. If {potential buyers are not|prospective buyers aren’t|potential buyers aren’t} {happy with the conditions and|satisfied with the conditions or|satisfied with the terms and conditions of the solar installer} {terms of the solar installer|conditions of the solar installer|terms of the solar company}{, they may decline to| they might not| and are not satisfied, they can decline to} {make an offer on|accept an offer for|take an offer on} your {house|home}.

There {are no|aren’t any} {tax incentives or credits|credit or tax incentive programs.|taxes incentives, credits or other tax benefits.}

{The tax credits are usually|Tax credits are typically|Tax credits are generally} {given to the solar company|granted to the solar company|provided to the solar firm}. {They will keep some|They can keep a portion|They’ll keep a part} of {that money,|the money|that cash,} even if they {lower|reduce|cut} {your monthly payments|your monthly payment|the monthly amount of your payments in order} {to pass on some savings|in order to transfer savings|to pass some savings on to you}.

The {monetary benefits of solar|financial benefits of solar|benefits for money} {are one of the main|are among the primary|is among the major} {reasons people choose to|motives for people to|reasons why people} {go|opt for} solar. {It can also help|It also helps|This can also} {reduce the cost|lower the price|to lower the cost} of solar energy {significantly|substantially|by a significant amount}.

Contact {Shneyder Solar today|us today|us at Shneyder Solar} {if you are considering|If you’re thinking of|to discuss} {going|switching to|making the switch to} solar. Our solar experts {can|will} {help you understand|assist you in understanding|guide you through} {your options and guide|the options available and guide|your options and help} you through the {process|procedure}. {Get started|Start|Begin} {by using our Free Solar|with our free solar} Design {&|and} Estimate tool to {determine|figure out|find} the {right system size|ideal size of system|best size system} for {you|your needs}.

GET YOUR FREE PROPOSAL IN A FEW EASY STEPS

Fill out the form and our sales consultant will contact you! Once you’ve had your initial consultation, you’ll begin your solar journey.

First name is required

Last name is required

Email is required

Phone is required

Please enter a valid property address

Property address is required

Schedule Your Appointment

Online Consultation In Person consultation

ATTACH YOUR UTILITY BILL (optional)

Some information is missing or is incorrect, please fix the issues above and resubmit.

I would like to receive promotional offers by calls, text messages, and emails.

Thank you for your request

Your appointment has been added to our calendar.

The consultation will be online or over the phone. Please prepare a copy of your electric bill or energy usage history for your consultant to give you the most accurate proposal.

{Is a solar lease worth|Is a solar lease really worth| Does a solar lease make sense?} it?